this is also the same trade as USDJPY. but this one was posted last week for everyone to see. you could check my published ideas to see it.
this is how we traded it:
after the market is on the bearish move is when entry is triggered. but before then, i saw a double top and RSI divergence and entered too.
1 position of double top for target 1 for 450 pips
2 positions for the pattern for target 1 (200 pips) and target 2 (450 pips)
total is 1100 pips
however, since we have 3 positions so the lot per pip is lower as compared to trading 2 or 1.
good position sizing and small risk compared to reward
and i am very happy we had a winning too from it
therefore 2 trades for 2 winning and nil loss
this is how we traded it:
after the market is on the bearish move is when entry is triggered. but before then, i saw a double top and RSI divergence and entered too.
1 position of double top for target 1 for 450 pips
2 positions for the pattern for target 1 (200 pips) and target 2 (450 pips)
total is 1100 pips
however, since we have 3 positions so the lot per pip is lower as compared to trading 2 or 1.
good position sizing and small risk compared to reward
and i am very happy we had a winning too from it
therefore 2 trades for 2 winning and nil loss
